ITM Power (LSE:ITM) has announced a significant milestone in the GET H2 Nukleus project after the first green hydrogen was produced at RWE’s electrolysis facility in Lingen, Germany, and successfully transported to Evonik’s chemical park in Marl through approximately 120 kilometres of pipeline. The achievement represents one of Europe’s first large-scale hydrogen value chains, combining renewable hydrogen production, pipeline transportation and industrial end use within a single integrated system.
Working alongside Linde Engineering, ITM Power is supplying two 100 MW proton exchange membrane (PEM) electrolysis plants for the Lingen development. The project is progressing towards a combined operating capacity of 200 MW, marking an important step in the commercial deployment of large-scale green hydrogen production.
The successful commissioning demonstrates the scalability and reliability of ITM Power’s PEM electrolysis technology while strengthening the company’s position as a leading supplier of hydrogen production equipment for Europe’s expanding clean energy infrastructure. Management believes projects such as Lingen will play an important role in supporting industrial decarbonisation and the wider adoption of green hydrogen across the continent.
The company’s investment outlook continues to be influenced by ongoing operating losses and negative operating and free cash flow, although its relatively low level of debt provides financial stability. Technical indicators remain supportive, reflecting positive share price momentum, although overbought conditions may increase the risk of short-term volatility. Recent management commentary has been cautiously optimistic regarding future growth opportunities and the quality of the order backlog, although profitability and the timing of future cash generation remain key areas for investors to monitor.
More about ITM Power
ITM Power plc is a UK-based manufacturer of industrial-scale electrolysers used to produce green hydrogen through proton exchange membrane (PEM) technology. The company designs and manufactures hydrogen production systems for industrial, energy and infrastructure customers seeking to reduce carbon emissions.
Listed on the London Stock Exchange’s AIM market and recognised with the Green Economy Mark, ITM Power also offers hydrogen through its Hydropulse build-own-operate model. Its technology supports the transition to low-carbon energy by enabling renewable electricity to be converted into hydrogen for industrial processes, transport and energy storage.
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